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San Francisco companies are pulling in venture capital

San Francisco companies are pulling in venture capital
Photo: Uber/Facebook
By Hoodline - Published on May 02, 2019.

San Francisco-based Uber has secured $500 million in a corporate round, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced April 26 and financed by PayPal.

According to its Crunchbase profile, "Uber develops, markets and operates a ridesharing mobile application that allows consumers to submit a trip request that is routed to crowd-sourced partner drivers. Its smartphone application connects drivers with people who need a ride."

The 10-year-old company has raised 22 previous funding rounds, including a $2 billion debt financing round in 2018.

The round brings total funding raised by San Francisco companies in apps over the past month to $907 million, an increase of $654 million from the month before. The local apps industry has produced 106 funding rounds over the past year, capturing a total of $5.6 billion in venture funding.

In other local funding news, 3D technology company Fyusion announced a $30 million Series C funding round on April 18, financed by Cox Automotive.

According to Crunchbase, "Fyusion is a 3D computer vision company that develops products that make images as intelligent as they are beautiful. These immersive, interactive photorealistic 3D images viewable on any mobile, desktop, VR or Augmented Reality device are captured using only a smartphone or any other camera. Its commercial focus is on iOS and Android capture for automotive and eCommerce imaging at scale."

Founded in 2013, the company has raised three previous rounds, including a $22 million Series B round in 2017.

Meanwhile, automotive company Sight Machine raised $29 million in Series C funding, announced on April 23. The round's investors were led by LS Group.

From the company's Crunchbase profile, "Sight Machine specializes in manufacturing analytics and is used by Global 500 companies to make better, faster decisions about their operations. Sight Machine's analytics platform, purpose-built for discrete and process manufacturing, uses artificial intelligence, machine learning and advanced analytics to help address critical challenges in quality and productivity throughout the enterprise."

Sight Machine last raised Series B funding in 2017.

Also of note, 3D technology company HOVER raised $25 million in Series C funding, announced on April 25 and led by Menlo Ventures.

From Crunchbase, "HOVER is a 3D technology company that creates fully measured, customizable 3D models of any home. They also generate accurate digital 3D building data by simply taking a few photos with a smartphone."

The company previously raised $25 million in Series B funding in 2018.

Rounding out the city's recent top local funding events, payments company Returnly raised $19 million in Series B funding, announced on April 17 and led by Craft Ventures.

From Crunchbase, "Returnly partners with retailers and brands to elevate the online shopping experience and remove the product returns friction altogether. Returnly lets shoppers buy again using return credit before shipping the original items back and settles the new order in real-time, taking the product risk."

The company previously raised Series A funding earlier this year.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.